Priority Appraisals understands the special needs of estate executors
Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and with as much dignity as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone in bereavement.
Part of Priority Appraisals's focus is to produce top-notch, ethical appraisals that lawyers can depend on. Often, all parties will have different suggestions of how the appraisal process should work; however, our experience of the estate process will undoubtedly satisfy all parties involved. We offer appraisal reports that out-strip the necessities of the legal system and other agencies.
Contact us promptly to discuss your personal estate appraisal needs and how we can put our experience to work for you.
Commonly, settling an estate requires an accurate appraisal report to establish fair market value for the home to the satisfaction of the parties involved. We sympathize that when you lose a loved one, ordering an appraisal report is the furthest thought from your mind. Because of this, often there are times that the effective date of an appraisal differs from the date of your loss. Priority Appraisals assures that our staff are accustomed to the procedures and requirements requested by the IRS and AL revenue agencies to provide a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, ensuring the highest degree of discretion for all parties involved.
People often forget that the IRS needs documents filed to show the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions. Such a report will definitely demonstrate to the IRS that the numbers used are well-founded and correct.
Having a professional appraisal report from Priority Appraisals gives the executor definite facts and figures to work with in exceeding IRS and AL state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal if it is ever challenged.
One of the most essential requirements in an appraisal is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion.